Fiscal Consolidation

Union Budget 2019 outlines reforms to support economy, but lacks plan for fiscal consolidation: Fitch Ratings

India's budget outlined some reforms that could support the economy, but its fiscal stance was left broadly unchanged with no plans for meaningful consolidation, Fitch Ratings said on Wednesday

Govt expects 7.5% GDP growth in FY20, up from 7.2% in FY19; 4% inflation, says economics secretary SC Garg

The past five years have seen India being universally recognised as a bright spot of the global economy, said S C Garg

GDP data key highlights: India's economy grows at 7.2% in third quarter; a booster shot for Narendra Modi govt

A strong GDP reading could lift domestic shares, and boost the rupee, which has been Asia’s second weakest currency this year, losing about 1.6 percent against the dollar.

Task to strengthen public finances left to next govt after 2019 elections: Fitch Ratings

The target for current fiscal was missed largely because of higher expenditure, Fitch said.

Budget 2018: Govt revising fiscal deficit target to 3.5% won't impact overall economic growth, says Moody's

Moody's says medium-term target to reduce central govt debt-to-GDP ratio to 40 percent is supportive of sovereign credit profile

Budget 2018: DEA secretary says govt will try to convince Fitch, S&P, other rating agencies on fiscal path

Moody's on Thursday said fiscal deficit projection of 3.3 percent for FY19 is in line with its forecast and the target will be achieved.

Govt likely to retain fiscal deficit target of 3% for FY19, revise plan to 3.4% for FY18: Deutsche Bank

FY19 Union Budget to be announced on 1 February is expected to be a populist and to propose more spending towards social sectors

Budget 2018: Fiscal slippage not a bigger worry than faltering economy; Jaitley shouldn't repeat UPA's mistake

The additional spending, if directed to kickstart economic engines, can work well to regain the growth momentum, even at the cost of a one-off fiscal slippage

Budget 2018: At Arun Jaitley's 5th pre-Budget talks, leading economists draw road map for major tax reform

At pre-Budget meet, Arun Jaitley said country was able to achieve these fiscal targets due to focus on expenditure rationalisation and plugging of loopholes in public expenditure

Govt to opt for wider fiscal deficit target of 3.2% in FY19; borrowings may swell to Rs 5.2 lakh cr: DBS

DBS attributed difficulties on fiscal deficit front to shortfall in receipts and added that expenditure has stayed on the planned course